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I'd comfortably say that I'm doing both! Stocks and even more Real Estate take me many, many hours of research before I invest into anything. Now the same is true to (some crypto) - I've been putting a lot of time to learn more about defi in general and oracles in particular, making me more comfortable investing in those (LINK and DIA mostly). When it comes to many crypto projects I have to admit I tend to gamble into those, without knowing much about them, if the trend is right I have made many punts (trying to reduce this number) which had all sort of outcomes, from rug pulls (GODZ), to great performances like SOL back in the days (don't hold any now) or to many stallers.
It really depends on the tokens…Bitcoin and Ethereum never got me to negative territory. All the rest went into negative territory averaging 70% down on tokens across the board. I’ve been buying all along which allowed me to average down a lot some tokens like DOT LINK and DIA which had massive tumbles. Happily my whole portfolio which strong bases backing to 2019 never went into the red. I had however some riskier/dodgier tokens which went to zero or close to it, such as GODZ, BATH, ULTRA, etc
I mostly use UniSwap, PancakeSwap and QuickSwap depending on what network one wants to use. When it comes to centralized exchanges, Binance is a good option for diversity and MEXC for small caps as it tends to list a lot of ultra-small caps. When it comes to gauging the trust of a small cap I believe that the most important resource is time and as checking tokenmics, team, partners, etc, I believe that getting involved with the project's community is really important! I learned a lot on communities like Polygon or Dia. But when it comes to gauging the value it can go both ways. I remember how solid the GODZ community looked, the devs, etc and how it went to close to zero. On the other side had way many positive experiences than negatives as I got to spend a couple of hours a day on a project's discord or telegram. To be noted that one should embrace negative feedback the same way as positive ones. On top of it I also believe that one should always take with a pinch of salt the over-enthusiastic admins.
You have some pretty decent points which I learnt the hard way with great "paper" profits during the bull run, thanks to the "HODLer" mindset & practice, namely on small caps like URUS, QTZ and GODZ, but a mix of the "HODLer" mindset and greed made me stick to my guns until deep red zone... A few exceptions like SAND and ETH where I actually took some profits balanced the boat a bit... On the flip side, trading is extremely difficult and a full time job on it-s own, in order to do it reliably and consistently over the time, and that-s where the "HODLer" mentality comes in and wins, because no one can consistently pick tops and bottoms, and trading is a complex venture. If you DCA into BTC as I did since 2018n with purchases on the 6k level but also above 60k level, never got my BTC bags on the red zone. Both strategies are valid, but there-s no solution that fits all
I rode last bull market well on the way up with great buys ranging from blue chips to some shits I bought that made me blue! If you know what I mean... The lesson was simple: take profits! I missed taking profits in big projects like DOT XTZ BNB IOTA VET and now I'm on slight profit on average with a fez still underwater, but the worse happened on micro caps like BATH GODZ XTM etc. I won't let that happen to me again neither on the big ones I hold now like DOT and BNB, neither on the small ones like URUS and QTZ!
I know 10% isn't much in crypto, but imagine the bear market hits? Maybe -10% isn't bad! Diversification is the key here IMO! A bit of stablecoin in case of a bigger dump (plus monthly DCA), a few sorts of passive income from staking to DeFi, as [yield.app](https://yield.app) you mentioned seems simple and reliable not giving up on the yields, a big allocation to top coins like BTC ETH DOT ADA BNB etc and a little allocation to early projects looking for 10x gains and above, I'm currently looking for Unique Network public sale coming up soon and to top up Crypto GODZ as it seriously dipped hard! On top of all of it, either the market is going up or down, as a bit of a hobby and a bit of opportunity grabber, I believe trading is a good activity to engage on either market. I don't do it with more than 2% of my pot.
The influencers are the kings of FOMO and FUD! What's to learn here? DYOR, think with your own head, thread carefully! You name it! Personally I thank influencers as a gateway to get me introduced and get my head around crypto, but that's it! There are a few good ones, of course, but there is so much rubbish around with the to the moon, predictions, aping, etc! This days I'm focus on spends some time daily actively looking for gems! I had great experiences with huge gains with URUS of example, and huge losses with GODZ, now looking forward to Unique Network public sale! There is everything and I can and I miss my forecasts and predictions even actively dedicating myself to this! My point is thinking with my own head and be critical about the outcomes and trying to improve! Aping into whatever an influencer tells you to do is a bit of gamble! I'm not a gambler, for the same reason I skip all meme coins...
Very nice and empowering thread! Something rare this days! I agree with most of it, have made my mistakes, some expensive some not that much, lost countless hours getting my head around all sort of crypto projects and after almost 3 years the outcome is definitely positive, i did about 5-6x in this time! Very far from all the crazy lambo moonshots around but in the end i'm happy with it and proud to be honest! Next year there i have a few objectives I would like to achieve! Growing my portfolio at very least 10% Looking forward to spend more time exploring defi in general, just started a couple of month ago with yield.app and I'm amazed with the possibilities in the space! Maybe my biggest goal is actively spend 1-2h per day looking for new gems on early days. I have been doing it on and off for about an year not and found great projects like URUS token which I got great returns even with a small investment and high eth fees! And I had bad experiences with GODZ where I lost like 75% of my investment… still holding with a bit of hope with its game new updates. I’m looking forward now for Unique Network which I have been following for over 2 month… Experiences for all tastes: gains, losses and the unknown Long story short my biggest new year crypto resolution is to study and get to know the crypto better, understand it better in order to be able to take chances more informed looking for better returns. This said... WAGMI
I have a few! Get a growth of 10%+ of my whole portfolio is the bare minimum goal from defi and staking yields plus capital gains plus DCA. Looking forward to spend more time exploring defi, just started a couple of month ago with yield.app which is a great point of entry with great yields and super easy to use. But I actually want to get to learn defi in a deeper level and being able to do the whole process my self and hunt the best farms for too yields with a small portion of my portfolio (I’m quite conservative) Maybe my biggest goal is actively spend 1-2h per day looking for new gems. I have been doing it intermittently for about an year not and found great projects like URUS token which I got great returns even with a small investment and high eth fees! And I had bad experiences with GODZ where I lost like 70% of my investment… still holding with a bit of hope with its game new updates. I’m looking forward now for Unique Network which I have been following for over 2 month… Long story short my biggest new year crypto resolution is to study and get to know the crypto better, understand it better in order to be able to take chances more informed looking for better returns
A bear market could be a good thing if you have a strong will and either took great profits during the bull market or you have a great cashflow! It's the best time to DCA! But what you say is totally true, the bear market kills a lot of projects and hurt the rest big time and for a long time, plus all the negativity towards crypto from the broad population. BUT, and that's a big and healthy BUT, I like to see the bear markets as a purge, on the bad projects! Either meme stuff, or outdated stuff and so on. Much less projects coming up and normally who takes a chance in a bear market and survives, is a GEM! It's good and easier to be make good buys on a bear market! I'm bullish on a few projects that I'm pretty sure they'll survive a bear market, like Unique Network which wants to solve 2 big problems on the NFT space: lowering the barriers of entry on fees and ease of use (multi chain NFT marketplace, simple interface, etc). Other projects that I believe in, and I've bought into, like a lot of gaming stuff like GODZ and BATH I'm not so sure. Bear markets are dangerous grounds! Either way what we want doesn't make a difference, we just need to adapt to whatever the market says!
Agreed! But I really strugle to have stablecoins on my portfolio... I always end up buying something! For example now I've been spending all my stabke coins on gaming projects like GODZ NFTChampions and others alike... The only thing that can make my stable coins stay on my portfolio are future projects coming out soon, like Elfin Kingdom. I have some stable coins reserved for it and for other projects with IDOs around the courner... All the rest...